Strs Ohio Has $2.78 Million Stock Holdings in e.l.f. Beauty $ELF

Strs Ohio decreased its holdings in e.l.f. Beauty (NYSE:ELF) by 33.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,309 shares of the company’s stock after selling 11,191 shares during the quarter. Strs Ohio’s holdings in e.l.f. Beauty were worth $2,776,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its stake in shares of e.l.f. Beauty by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $1,979,000 after buying an additional 100 shares in the last quarter. Securian Asset Management Inc. raised its stake in shares of e.l.f. Beauty by 2.4% in the 2nd quarter. Securian Asset Management Inc. now owns 4,327 shares of the company’s stock valued at $538,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of e.l.f. Beauty by 11.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 993 shares of the company’s stock valued at $124,000 after buying an additional 105 shares in the last quarter. Stephens Inc. AR raised its stake in shares of e.l.f. Beauty by 3.7% in the 2nd quarter. Stephens Inc. AR now owns 4,988 shares of the company’s stock valued at $621,000 after buying an additional 178 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company’s stock valued at $54,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ELF shares. Raymond James Financial increased their target price on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. Jefferies Financial Group increased their target price on shares of e.l.f. Beauty from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $165.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, October 21st. Finally, UBS Group increased their target price on shares of e.l.f. Beauty from $112.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $145.07.

e.l.f. Beauty Trading Down 1.0%

ELF opened at $120.97 on Tuesday. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $7.18 billion, a PE ratio of 71.16, a PEG ratio of 2.84 and a beta of 1.61. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99. The firm has a 50-day moving average price of $132.60 and a two-hundred day moving average price of $113.68.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Mandy J. Fields sold 55,692 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. This trade represents a 46.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kory Marchisotto sold 13,515 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $140.10, for a total transaction of $1,893,451.50. Following the completion of the transaction, the insider directly owned 144,788 shares in the company, valued at $20,284,798.80. This trade represents a 8.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is currently owned by company insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.